abham:
-*Modified* I just checked and in 1 week you blew a 5k account, no respect whatsoever for who gave you the account. I’m not in the position to say this but YOU ARE NOT READY AND YOU NEED TO STUDY YOUR ASS OFF. ISOLATE YOURSELF FROM FRIENDS, FURRUS AND STUDY. This is a skill that once you get it, never can it be taken from you. A skill that can be transferred to your children, that is when you know what you are doing,

I hope the attached helps someone here if you have any question I will put in effort to make it simple. I use a mobile device since it’s easily accessible and no internet to distract me on it just mt5 and WhatsApp for this purpose.

The person that gave the acct did diligent checks. Atleast he saw three months performance. The trader that got the opportunity was the one that messed up.
He derseved to be scolded. But we will not kill him. No words to sugar coat him.
Na him over do mouth. We must over mouth him too

abham:
Geovanni, what is the largest data set you have backtested with a parameter?

Boss, I reviewed three months of losing trades on my acct statements with my broker.

But I think it is faster to review one's worst month where all the emotions and village people were in charge

Bro…. He traded it like it was a competition and if we tell him to put out the account history, we might likely see where he got it wrong but then, from my view he has to study more.

Recently I’ve started seeing things that work, I’ve started seeing what is supposed to happen and I said to myself; “lf a degree 4 My family spent quite a lot for me to attain 4 years ago has not made any money for me why am I being worried about trading just 3 years and not making profit from it already”. Bottom line is I have to submit to time.

I guess he was also too excited.

infofirst:


The person that gave the acct did diligent checks. Atleast he saw three months performance. The trader that got the opportunity was the one that messed up.
He derseved to be scolded. But we will not kill him. No words to sugar coat him.
Na him over do mouth. We must over mouth him too

Well let’s look at this perspective. If you see a UCL crest, let’s say that is your pattern to enter a trade, every H4 for the past 9 years data, will you easily recognise it?

In this case I will say yes and you grow in confidence. Confidence even grows more when you forward test or just tape read and journal what the market did. In doing this you activate your recticular activation system. Your mind, your eyes, your consciousness becomes acclimated to that patter you have seen over and over and over but these can not be achieved when a small puzzle is missing which is the journal.

I have made such a long post I hope you don’t find it offensive.

Geovanni412:


Boss, I reviewed three months of losing trades on my acct statements with my broker.

But I think it is faster to review one's worst month where all the emotions and village people were in charge

abham:
It is sad to read something like this, the account is barely two weeks and I you likely traded it like it’s a competition account.
Kaybe7000 and Infofirst are being blunt with the truth.

I think we all should be blunt with the truth too, knowing the cost of living and how this industry is difficult.
I still have my alpha 5k account and only 3 trades has been taken so far.
No need to rush. Do well to journal your trades, when you do, there will be improvements even if you don’t go back to read it from time to time but your mind will reflect back to it and you will most likely not repeat the same mistake but I will advice you go over your journals every weekend as you backtest.



dmahn and nzechu why are both of you exhibiting imposter syndrome when dropping your analysis, you guys are great analysts.


Congratulations the only female active among us. 👍🏾👍🏾👍🏾


Man, you’re good.



Sam I’m sorry you lost an account, hopefully you fail forward. I hope you do journal your trades?



This is phenomenal, you are doing great and enjoying the fruit of your Labour. Your charts here are eye opening too for those who knows what they are looking for.




Congratulations achieving this.

my oga, thank you but which one is impostor syndrome again

Davigle:
My weekly forecast;
DXY
Overall, I'm still bullish on the DXY, as strong fundamentals continues to come out of the US economy, from the first week of the year, NFP data came out higher for the month of December, CPI also came out higher in the month of December which gave the impression that inflation remains sticky, retail sales coming out stronger showing the resilience of consumer spending in the US, strong weekly jobs report except for last week showing that the labour market remains tight, strong manufacturing and services PMI which shows that production or the industries is in expansionary territory, an outstanding GDP which beats investors expectations and with the icing on the cake, PCE deflator, the Fed's favorite tool for gauging inflation came out higher on the month over month report and tricked lower in the year over year report. this shows that the US economy is still performing well or better compared to their counterparts in the global economy or among the G7 countries. If we recall December's price action for the month of December, was pretty bearish for the DXY due to the Fed pause in the FOMC meeting in November,
which fuel the stock market greed, as expectations were running high that the Fed is going to cut rates starting from March 2024, but recent economic data and comments from various members of the federal reserve has not only push back but also dial down the bets of an early rate cut in March, because they needed to be sure that inflation will steadily go down to the 2% level before they start cutting rates. if they cut rates too early, it could trigger a recession in the US economy which they are fighting to avoid. At the moment now the Fed has achieve a soft landing in the US economy with the recent economic data, this means that they have successfully tame inflation without triggering a recession while the US economy is still performing well and expanding aka the goldilocks. So the Fed would not be in any haste to cut down interests rate they may wait till Q2 of 2024 specifically in May before they begin to pivot, although this is my speculation but Powell may reveal the Fed stance and the next step of action in their upcoming FOMC meeting on Wednesday. And lastly, seasonal data shows that the month of February tends to be a bullish month for the DXY, I will continue to be bullish on the DXY as long as strong or positive economic data continues to come out of the US and price action continues in an uptrend or bullish market structure, although we could see some bearish corrections or deep retracements, it won't change my bias on the DXY
so levels of liquidity that I am watching are, 103.80, 104.26 and subsequently 107.38

My forecast for the week ahead;
My bias still remains the same, dollar bullish, gold bearish, but US30 bullish
👇👇👇

Gold bearish

US30 bullish

I no be Oga, imposter syndrome is shying away from something you are doing right or you know how to do correctly.

You are good with fib measurement though I feel from my experience you may not be doing it right as I’ve also backtested some of your charts.

But you need to be more confident in what you do. It’s best to frame your next sentence like “I am anticipating price to do this” rather than how you compose your sentence when you drop analysis.

nzechu:
my oga, thank you but which one is impostor syndrome again

Good evening Davigled, please can you mark up ZF and ZB charts, I want to check something if mine correlates .

Davigled:
Gold bearish

US30 bullish

abham:
Good evening Davigled, please can you mark up ZF and ZB charts, I want to check something if mine correlates .

on it bro, will be right back in a minute

abham:
I no be Oga, imposter syndrome is shying away from something you are doing right or you know how to do correctly.

You are good with fib measurement though I feel from my experience you may not be doing it right as I’ve also backtested some of your charts.

But you need to be more confident in what you do. It’s best to frame your next sentence like “I am anticipating price to do this” rather than how you compose your sentence when you drop analysis.

ok sir, noted. I appreciate the advice, it means alot

And yes u be oga,

infofirst:


I don tire to dey encourage patience and discipline but that one person like you dey motivate me not to relent.
Majority of us are naturally talented gamblers.
Skillful thief.
Not willing to take responsibility.
Looking for overnight success.

You see this callous advise that Forex brokers embed boldly on their sites,"Trade only with funds you can afford to loose", is a very reckless and deceptive statement with the sole purpose of radicalizing traders psychologically into believing subconsciously that you can never win the house and ultimately turning 90% of newbies into world class chronic gamblers through no fault of thier own as most are already wired emotionally to fail even before taking the first trade.
If you want to start a business with a partner and he bluntly advises you to invest only funds you can afford to loose if the business goes sideways, how many persons will take that advise and invest? Let's tell ourselves the truth, @infofirst, if I ask you right now to show me your ultimate edge in the market, will you show me, of course the answer is capital NO, instead you'll give me the general lecture of studying the charts and all the blah blah blah that comes with it. There's so much misinformation and misdirection in the FX market with one primary target, to lead as many as possible astray and take their funds no matter how little as 5 usd. I have been in FX since 2007 as well when pepperstone was the ultimate back then and we had liberty reserve for funding accounts, nothing much has changed except the ever increasing unassailable obstacles newbies have to overcome just to break even. By now I thought insurance cover should have been put in place by brokers to cover unforeseen losses on the side of traders as a kind of lifeline.

abham:
Well let’s look at this perspective. If you see a UCL crest, let’s say that is your pattern to enter a trade, every H4 for the past 9 years data, will you easily recognise it?

In this case I will say yes and you grow in confidence. Confidence even grows more when you forward test or just tape read and journal what the market did. In doing this you activate your recticular activation system. Your mind, your eyes, your consciousness becomes acclimated to that patter you have seen over and over and over but these can not be achieved when a small puzzle is missing which is the journal.

I have made such a long post I hope you don’t find it offensive.

I get what you mean, boss

I have a regular trade journal but I believe both of them go hand in hand

Journaling and review of trades.

This is going to be a challenge

abham:
Good evening Davigled, please can you mark up ZF and ZB charts, I want to check something if mine correlates .

ZB!, I made use of the continuous delivery contract instead of the march contract...

ZF1!

EASYLIFE4US:

You see this callous advise that Forex brokers embed boldly on their sites,"Trade only with funds you can afford to loose", is a very reckless and deceptive statement with the sole purpose of radicalizing traders psychologically into believing subconsciously that you can never win the house and ultimately turning 90% of newbies into world class chronic gamblers through no fault of thier own as most are already wired emotionally to fail even before taking the first trade.
If you want to start a business with a partner and he bluntly advises you to invest only funds you can afford to loose if the business goes sideways, how many persons will take that advise and invest? Let's tell ourselves the truth, @infofirst, if I ask you right now to show me your ultimate edge in the market, will you show me, of course the answer is capital NO, instead you'll give me the general lecture of studying the charts and all the blah blah blah that comes with it. There's so much misinformation and misdirection in the FX market with one primary target, to lead as many as possible astray and take their funds no matter how little as 5 usd. I have been in FX since 2007 as well when pepperstone was the ultimate back then and we had liberty reserve for funding accounts, nothing much has changed except the ever increasing unassailable obstacles newbies have to overcome just to break even. By now I thought insurance cover should have been put in place by brokers to cover unforeseen losses on the side of traders as a kind of lifeline.

This sounds familiar 🤔🤔🤔

I feel nostalgic being here, I remember the days of Odiaero, if you have been here long enough you will know that moniker lolz, boss info I sight you, my real boss. Can't remember so many monikers here, I greet you all sumptuously!

LaconicINC:
This is going to be a challenge

Yawa don gas be dat. Revolution loading

EASYLIFE4US:

Yawa don gas be dat. Revolution loading

Omo see suffocation promax, the poor can no longer breathe in this country again

Donsheddy:



This sounds familiar 🤔🤔🤔

Fami gini, this is a unique intellectual property

I will attach my own photos and thought process.

MN is in a BE DR, moving from IRL>ERL

Davigled:
ZF1!

No I no be Oga.

nzechu:
ok sir, noted. I appreciate the advice, it means alot

And yes u be oga,

Some things that makes traders Fail is the addiction that comes with, the storms of inconsistent price movements that rattles our emotions and feelings to show off....

Meanwhile we need to be calm always
Treat the market with simplicity, (stop the abuse of always going and going over the chart, trading is not a curse) ..
If you know what you are doing, you would careless on price movements, and focus more on the basis of your entry.

If there's something I have learnt overtime here, it's the way gabsonfx treats the market,, he waits sometimes for 2-3 even 4 days to execute trades...

That's a trader....
Mindset comes into play..in everything
. trading is a mirror that reflects our lives......

As my mentor would always say,( Jeffrey Benson) the market is not running away.... and in addition relax, rinse and repeat....

EASYLIFE4US:

Yawa don gas be dat. Revolution loading

😂😂😂😂😂

LaconicINC:
I feel nostalgic being here, I remember the days of Odiaero, if you have been here long enough you will know that moniker lolz, boss info I sight you, my real boss. Can't remember so many monikers here, I greet you all sumptuously!

👍👍👌👌

Monthly is bearish and a 20D BSL is traded through and rejected, price will seek the Low/20D SSL.

And notice ZF had a larger down candle than ZB on D1 after it hit MN level.

Davigled

abham:
I will attach my own photos and thought process.

MN is in a BE DR, moving from IRL>ERL




No I no be Oga.

LaconicINC:
This is going to be a challenge

Good news! We now have a working CBN, enough of multiple exchange rates; Fintechs and Binance can't continue determining our exchange rates.

If you want trade currencies, don't trade against Naira; trade EU, GU etc.

Lazy Abokis too should be kicked out of business and arrested if found with Dollars.

Naira is our currency and should be spent and not replaced with Dollar.

dmahn:
Where is @Elliotwaveforec. Broda hope you are good...

I'm okay! Thanks.

LaconicINC:
I feel nostalgic being here, I remember the days of Odiaero, if you have been here long enough you will know that moniker lolz, boss info I sight you, my real boss. Can't remember so many monikers here, I greet you all sumptuously!

Odiaero the scammer

Elliotwaveforec:

Good news! We now have a working CBN, enough of multiple exchange rates; Fintechs and Binance can't continue determining our exchange rates.

If you want trade currencies, don't trade against Naira; trade EU, GU etc.

Lazy Abokis too should be kicked out of business and arrested if found with Dollars.

Naira is our currency and should be spent and not replaced with Dollar.

hmmmmm

Good evening fam,what should I do to get a giveaway account from TFT discord? I was told to be active. How do I become active

Elliotwaveforec:

Good news! We now have a working CBN, enough of multiple exchange rates; Fintechs and Binance can't continue determining our exchange rates.

If you want trade currencies, don't trade against Naira; trade EU, GU etc.

Lazy Abokis too should be kicked out of business and arrested if found with Dollars.

Naira is our currency and should be spent and not replaced with Dollar.

As long as cbn is unable to meet our fx demands black market will always always be there....
As long as we are ignoring the root cause of this problem...
Naira will continue to dip